Australia's DeSoto Resources hits 3-month high on gold project update
19/09/2023 06:01
** Shares of Australian gold and battery-metals explorer
DeSoto Resources DES.AX rise as much as 23.8% to A$0.130,
marking its biggest intraday gain since June 21
** DES at its highest level since June 22
** Says first hole completed at Fenton gold project in
Northern Territory, and drilling of the second hole has begun
** Adds, drilling ongoing with five holes planned; steady
stream of results expected in coming weeks and months
** Co to analyse intervals of pegmatitic granites for
battery mineral potential
** More than 808,000 shares change hands as of 04:37 GMT, vs
the 30-day average volume of around 136,000
** Stock down 40% YTD, as of last close
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com;))